Blackrock Glbl Correlations

Mutual Funds . USA . 
Fund . Blackrock Glbl Sm
MAGCX Fund  USD 26.50  0.09  0.34%   
The current 90-days correlation between Blackrock Glbl Sm and Dodge Cox Emerging is 0.67 (i.e., Poor diversification). The correlation of Blackrock Glbl is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Blackrock Glbl Correlation With Market

Poor diversification

The correlation between Blackrock Glbl Sm and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Glbl Sm and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blackrock Glbl Sm. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Blackrock Mutual Fund

  0.81MKEAX MkeaxPairCorr
  0.77MKECX Blackrock FundsPairCorr
  0.67MKDVX Blackrock Equity DividendPairCorr
  1.0MKGCX Blackrock AdvantagePairCorr
  0.62MKFOX Blackrock Large CapPairCorr
  0.86BRAPX Blackrock AggressivePairCorr
  0.74MKLOX Blackrock Global AllPairCorr
  0.89BRGNX Blckrck Fdsiii RssllPairCorr
  0.84BRGPX Blackrock Gwth PreparedPairCorr
  0.89BRGKX Blckrck Fds IiiPairCorr
  0.79BRGAX Blckrck Fdsiii RssllPairCorr
  0.79BRIAX Blackrock RetirementPairCorr
  1.0MKSCX Blackrock FundsPairCorr
  0.76MKSPX Blackrock Advantage TotalPairCorr
  0.66BRIDX Blackrock RetirementPairCorr
  0.66BRIEX Blackrock RetirementPairCorr
  0.69BRICX Blackrock RetirementPairCorr
  0.81BRMIX Blackrock Midcap IndexPairCorr
  0.81BRMAX Blackrock Midcap IndexPairCorr
  0.87BRMPX Blackrock ModeratePairCorr
  0.88BRMKX Blackrock Midcap IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Glbl Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Blackrock Glbl's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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